NXT vs. SPUU
Compare and contrast key facts about Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or SPUU.
Correlation
The correlation between NXT and SPUU is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NXT vs. SPUU - Performance Comparison
Key characteristics
NXT:
-0.26
SPUU:
1.65
NXT:
-0.00
SPUU:
2.16
NXT:
1.00
SPUU:
1.29
NXT:
-0.31
SPUU:
2.47
NXT:
-0.51
SPUU:
9.64
NXT:
29.49%
SPUU:
4.31%
NXT:
57.80%
SPUU:
25.22%
NXT:
-48.61%
SPUU:
-59.35%
NXT:
-19.66%
SPUU:
0.00%
Returns By Period
In the year-to-date period, NXT achieves a 33.31% return, which is significantly higher than SPUU's 8.31% return.
NXT
33.31%
10.44%
22.05%
-16.92%
N/A
N/A
SPUU
8.31%
4.75%
16.68%
44.53%
21.12%
20.59%
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Risk-Adjusted Performance
NXT vs. SPUU — Risk-Adjusted Performance Rank
NXT
SPUU
NXT vs. SPUU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NXT vs. SPUU - Dividend Comparison
NXT has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 0.51%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.51% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% |
Drawdowns
NXT vs. SPUU - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NXT and SPUU. For additional features, visit the drawdowns tool.
Volatility
NXT vs. SPUU - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 18.20% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 6.14%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.